Young New Yorkers Inc

Analysis

Young New Yorkers Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Young New Yorkers Inc reported income of $330k and spending of $768k, spending 233% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $1.7m to $330k (-80%), an average of -80% a year. The sharpest change came in the year to June 2023, when income dropped by 80%. Over the whole period it spent 83% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Young New Yorkers Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include E3 Education Excellence & Equity ($330k), Hillsborough Organization for Progress and Equality Inc ($330k) and Childrens Justice & Advocacy Center ($329k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $204k (27% of expenses). Other salaries and wages came to $193k. It paid $54k in professional fundraising fees. At year end it held assets of $381k against liabilities of $39k, net assets of $342k. It reported 15 employees.